Costa sends a letter to the Minister of Finance to renegotiate the REB
Balears remembers its claims to Spain, recently appointed
PalmaThe First Vice-President and Minister of Economy and Finance, Antoni Costa, has sent a letter to the recently appointed Minister of Finance, Arcadi España, requesting a meeting to address the main issues affecting the Islands and, specifically, to renegotiate the Special Regime for Balearic Islands (REB).
Costa has raised the need to modify the temporary limit of fiscal measures to establish a permanent nature with review clauses, as well as the expansion of benefits to strategic sectors, such as innovation. In the same vein, he has rejected financing infrastructure investments through the insularity factor, as the Spanish government intends. Thus, he has insisted that this is a complementary instrument, and does not replace road and rail agreements.
Both the Government and the island councils are assuming the execution of essential infrastructures with their own resources, "a situation that we consider unsustainable in the medium term." Thus, he has insisted on the need for the Islands to have a specific minimis regime differentiated from the rest of the European Union territories.
Financing, pending issue
In the same vein, Costa has conveyed to Spain the Government's rejection of the Spanish government's proposal for reform of the regional financing system. He regretted that it does not incorporate any of the territory's demands and that it has not been negotiated multilaterally.
